In Bigger Government: The Future of Government Expenditure in Advanced Economies I show that government spending is set to increase greatly over the coming three decades in all advanced countries because of powerful external forces and pressures which will operate irrespective of the political orientations of governments. Overshadowing everything else will be very large long-term […]
To mark the publication today of Bigger Government: The Future of Government Expenditure in Advanced Economies, I am releasing a two episode podcast. The podcast is can be heard by clicking on this link, or may be heard on any of the main podcast directories (Apple Podcasts, Spotify, Castbox, Stitcher, Listen Notes etc). Episode 1 […]
By far the most important reason why government expenditure can be expected to increase greatly over coming decades is growing health expenditure. There are strong grounds to expect that government health expenditure will grow by at least 4 percent of GDP in all advanced nations in the period up to 2050. Although everyone is conscious […]